CryptoMedium•1 October 2026•
1 min read
NEAR Jumps 11% as First US Spot ETF Draws $35.5M Inflows
Key Facts
1The Bitwise US spot NEAR ETF drew $35.5 million in inflows on its first day of trading.
2NEAR Protocol price surged 11% following the launch while market leverage declined.
NEAR Protocol price surged 11% following the launch of the first US spot NEAR ETF. Altcoin Buzz reported that the Bitwise NEAR ETF drew $35.5 million in net inflows during its first day of trading, accounting for approximately 7.2 million NEAR tokens or 0.55% of the circulating supply.
The fund, trading under the ticker NRR, debuted on NYSE Arca on September 29, 2026, with a 0.75% management fee and ended its first session at a 1.17% discount to its underlying holdings. This institutional milestone coincided with a decline in market leverage, while Bitwise indicated plans to stake the fund's assets to target average rewards of approximately 5%.